well the only diff between your combo and the one me and a freind assembled for his car last year is the heads, he uses 94 Cobra GT-40 Iron heads, i have the GT-40's off the explorer (96 model with super low miles)....anyway with 1:72 and the 2031 there was plenty of clearance, we almost said **** it and only clayed one side, but we did em both to make sure.
anyway, compression is about what you said, hes hitting 12 # with a PS1C and it runs great.
You get my PM about the cam?